Nintendo Co., the world’s largest maker of video-game machines, forecast its first annual loss in at least 30 years after the yen reached a postwar high and the new 3DS console had weaker-than-expected sales.
Olympus Corp. is so battered after ousting its first non-Japanese president that potential acquirers could snap up the entire company for 37 percent less than the value of its medical-equipment business alone.
Tadashi Yanai , Japan’s richest man, used advice from management guru Peter Drucker to build his Uniqlo clothing empire. To pull out of a slump that’s hammered profits and shares, the billionaire is revisiting the lessons.
Asahi Group Holdings Ltd., Japan’s biggest beermaker by sales volume, agreed to buy the water and juice businesses of P&N Beverages Australia Pty Ltd. and New Zealand drink maker Charlie’s Group Ltd. for $309 million.
Tokyo Tower and its adorning 176 floodlights have illuminated the world’s richest city from sundown to midnight for the past 22 years. Tonight, the 1,093- foot beacon will go dark for a sixth straight day.
Nintendo Co., the world’s biggest maker of game players, will add functions to its 3DS and target women to spur demand, after sales of the device slumped and led the company to slash its profit forecast to a 26-year low.
Kirin Holdings Co., Japan’s second- largest brewer, paid 3.95 billion reais ($2.5 billion) to gain a majority stake in the Brazilian maker of Nova Schin beer, adding Latin America’s biggest beer market to its global footprint.
Nintendo Co., the world’s largest maker of video-game machines, unexpectedly slashed its profit forecast 82 percent after slumping demand for its new 3-D handheld player led the company to cut prices of the product.